Bernanke, Ben S.; Bertaut, Carol; DeMarco, Laurie Pounder; … - Federal Reserve Board (Board of Governors of the … - 2011
A broad array of domestic institutional factors--including problems with the originate-to-distribute model for mortgage loans, deteriorating lending standards, deficiencies in risk management, conflicting incentives for the GSEs, and shortcomings of supervision and regulation--were the primary...